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Hysan Development profit rises 7.4% on Bamboo Grove unit gains

The Hong Kong landlord reported underlying profit of HK$1.11 billion for the first half of 2026 and declared a first interim dividend of 27 HK cents per share, unchanged year on year.

Reported · Written up by our desk · Results

Hysan Development, the largest commercial landlord in Hong Kong’s Causeway Bay shopping district, reported underlying profit of HK$1.11 billion (US$140.19 million) for the first half of 2026, up 7.4% from a year earlier.

The increase was driven by a realised gain from the sale of residential units at its Bamboo Grove project, while total revenue for the six months ended June 30 was largely flat at HK$1.73 billion, down 0.1% year on year.

Segment results showed retail revenue rose 1.4% and office revenue grew 0.5%, while residential sales fell 15.3%. The company said the decline reflected fewer units available for lease after it disposed of two blocks at Bamboo Grove in the Mid-Levels.

Hysan Development’s board declared a first interim dividend of 27 HK cents per share, unchanged from the prior year period, and chairwoman Irene Lee Yun-lien said the progress in the first half highlights the relevance of its community business model, according to the earnings statement.

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